Publication year

We expect global economic growth to weaken further in the coming years. Based on indications on financial markets and weakness in the American housing market, we have penciled in a recession in the US in the course of 2020.

The first months of 2019 show a mixed, but weak picture as far as economic activity is concerned. The National People’s Congress of 2019 focused on emphasizing stability, but this was combined with contradictory goals.